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Financial Regulation

OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies

In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

Biden Picks Rohit Chopra as Head of Consumer Protection Agency

President-elect Joe Biden picked Rohit Chopra to serve as the next director of the Consumer Financial Protection Bureau (CFPB), two sources told...

OCC: National Banks Can Accept, Process Stablecoin Payments

The OCC has allowed national banks to participate in independent node verification networks and use stablecoins for payments. In an interpretive letter...

OCC Approves LendingClub’s Acquisition of Radius Bank

The Office of the Comptroller of the Currency (OCC) approved LendingClub’s acquisition of Radius Bank. The online lender filed the paperwork last...
British Flag Brexit Deal

U.K. and EU Reach Post-Brexit Trade Agreement

London and Brussels announced a completed Brexit trade deal on Dec. 24, according to British Prime Minister Boris Johnson.
N.Y. Fed Credit Access Survey

N.Y Fed Survey: Credit Access and Demand Plunged in 2020

The Federal Reserve Bank of New York's Center for Microeconomic Data released results on Dec. 21 from its latest Survey of Consumer...
European Central Bank (ECB)

ECB Expands Bond Buying Amidst Coronavirus Resurgence

The European Central Bank (ECB) expanded its monetary stimulus program in December by an additional 500 billion euros ($605 billion). This occurred...
Jerome Powell Federal Reserve Economy

Federal Reserve Extends Main Street Lending Program

The Federal Reserve announced it has extended the Main Street Lending Program until Jan. 8. It was scheduled to expire on Dec....
Brazil U.S. Ethanol Imports

Brazil Imposes 20% Tariff on U.S. Ethanol Imports

Future U.S. ethanol exports to Brazil will face levies of 20 percent due to the expiration of a tariff-rate quota (TRQ).

Recent Articles

OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies

In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

New SPAC ECP Environmental Growth Opportunities Corp. to Help Combat Climate Change

ECP Environmental Growth Opportunities Corp. has filed paperwork with the SEC registering 25 million units to trade on the NASDAQ. These filings...

Challenges in Life Sciences: What 2020 Meant for This Industry

When we compare life sciences and healthcare to other industries, the strategy in the former is much more fragmented. The pricing practices are also relatively unbalanced while the product cycle is quite long as well.

Tencent Music Group Acquires Lazy Audio

Tencent Music Group (NYSE: TME) announced on Friday Jan. 15 that it has entered into a definitive agreement to acquire Lazy Audio....

Most Popular

Intercontinental Exchange to Acquire Mortgage-Software Ellie Mae for $11 Billion

Today, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, announced that it has reached a definitive agreement to acquire...

Nissan’s Long-Term Rating Lowered, Production Cuts to Follow

Nissan Motor Acceptance Corp received a rating downgrade this week, going from BBB to BBB- as of July 3, 2020. The company’s...

Energy Industry Struggles with Declining Demand

The energy industry has hit a record low, as companies struggle to stay afloat amidst the pandemic.  A total...

Square Exceeds Q3 Expectations Due to Bitcoin Trading

Square Inc.’s revenue from bitcoin surpassed expectations in revenue in the third quarter, according to Square’s Q3 earnings report. The payment company...

Rexford Industrial Acquires Industrial Properties for $103.1 Million

Rexford Industrial Realty, Inc. (NYSE: REXR) acquired a four-building industrial portfolio and outdoor storage property for $103.1 million. The industrial realty firm...